E
Oscar Health Plan of CA
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (0.0 on a scale of 0 to 10) with 236.7 million in losses in the last five years. Average return on equity has been poor at -39.0%. Weak capitalization index (0.0) based on weak current risk-adjusted capital (severe loss scenario). Fair overall results on stability tests (3.1) based on rapid premium growth over the last five years, a significant -36% decrease in enrollment during the period and poor risk diversification due to the size of the company's affiliate group.
Other Rating Factors: Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
275
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
4551 Glencoe Avenue
Marina Del Rey, CA 90292
Phone Number
(855) 672-2755
NAIC Number
--
Largest Affiliates
No affiliate information available.
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